Wikicoin Alex Morris

5 Best ASIC Miners For Bitcoin Mining in 2018

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ASIC mining has become an extremely competitive multi-billion dollar industry, which gives us a lot to choose from
5 Best ASIC Miners For Bitcoin Mining in 2018

ASIC miners represent the latest generation of cryptocurrency mining equipment that has effectively replaced graphics processors. Canada-based GPU manufacturing giant Nvidia has recently pulled out of mining due to its low revenue, which is inextricably connected to the dominance of ASIC chips. At the same time, ASIC chip manufacturers are aiming to raise billions of dollars after going public.

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Bitmain, the biggest crypto-oriented company in the world, still enjoys a near-monopoly on the cryptocurrency market. However, its major competitors are already breathing down its neck. Therefore, we will try to find out the best cryptocurrency miner out there.

How to choose a Bitcoin miner?

Before we get down to our top five picks, it is worth mentioning the main factors that will help you to determine the best Bitcoin ASIC miner for your personal needs:

  1. Hash rate. Hash rate is measured in hashes per second. Obviously, the more powerful your miner is, the bigger block reward you get.

  2. Efficiency. Hash rate is not the definitive factor when it comes to picking the best Bitcoin miner since it also has to make the best use of the amount of electricity you consume. Your mining profitability greatly depends on your electricity expenses, so you want to get the maximum amount of Bitcoin.

  3. Price. At early stages of Bitcoin mining, it is all about offsetting your initial investment. You have to calculate the mining profitability and decide whether it’s worth purchasing a flagship miner, or you can simply stick around with less expensive one that will give you more efficiency.

Biggest ASIC chip producers

  • Bitmain. The Beijing-based company still controls the lion’s share of the market (85 percent) despite the reports that this multi-billion dollar behemoth is gradually losing its monopoly status due to the cutthroat competition in this niche of the cryptocurrency industry. Bitmain managed to grow so quickly because of the enormous success of their Antminer line (which includes the legendary miner Antminer S9). It’s also worth mentioning that Bitmain operates numerous mining pools (Antpool is the biggest one) that are responsible for more than 51 percent of the Bitcoin hashrate.  

  • Halong Mining. The fact that Bitmain is hell-bent on getting rid of any other mining companies on the market it doesn’t mean that there is no competition. Back in November 2017, another Chinese manufacturer introduced the world’s most efficient miner Halong DragonMint 16T, continuing an intense ASIC mining hardware race.

  • Canaan Creative. Canaan Creative is the second biggest Bitcoin mining hardware manufacturer the world after Bitmain. Apart from a slew of its miners, the company has also recently introduced the first mining TV.

Now that we’ve covered all the basics, let us determine the best ASIC miner on the market.

Antminer S9, or Antminer S9 Hydro?  

Antminer S9 has already became a legend among ASIC miners, but is this still good enough? You can currently buy 14 TH/s for less than $700. One of the drawbacks of this miner is that it is very sensitive to high temperature, so your primal task is to ensure that it gets proper cooling. The best choice is to have one specific room for mining (if you, of course, do not own a mining farm).

After the release of Antminer S9, Bitmain’s previous hit product Antminer S7 has drastically dropped in price, so you might as well consider purchasing a couple of used S7 miners.

Antminer S9
Antminer S9

At the end of August, a brand-new miner appeared on Bitmain’s official website named S9 Hydro. We are dealing with the good old Antminer S9, but they also added a hashing board that increases the total hashrate up to 18 THS. While there are no fundamental technological differences, S9 Hydro produces is not as noisy as other ASIC miners.  

Will Antminer Z9 and Antminer Z9 Mini be able to battle ASIC resistance?  

This is a relatively new miner by Bitmain (Bitmain announced the pre-order of this miner back on May 3). One of the specific features of this miner is that it supports the mining of Equihash-based coins, including ZCash (ZEC), Bitcoin Gold (BTG) and so on. In fact, this was first ASIC miner that is compatible with this specific algorithm, yet again serving a major blow to GPU mining.    

With hashrate of 10K Sol/s and power consumption of 300 Watts will set you back about $850 while Antminer Z9 costs a whopping $3,319, offering 40.8k sol/s. However, with the way Bitcoin hashrate is rising, you never know whether this hardware becomes obsolete in a few months.

If you plan to purchase this specific miner, there are certain things that you have to consider the rising mining difficulty. Yes, ASIC Bitcoin miners are much more powerful than ordinary GPUs, but you may as well read that as significantly higher mining difficulty of Equihash-based cryptocurrencies. On top of that, many such coins could become ASIC-resistant similarly to Bitcoin Gold, which would virtually eliminate the miner’s efficiency.

Halong Mining DragonMint T1– the first miner to offer 16 TH/s

Halong Mining made an announcement about the release of Halong Mining DragonMint T1 in November 2017, marketing it as the most efficient machine out there. This ASIC miner really managed to pull off up to 16 TH/s, which is a visible improvement from 14 TH/s offered by Antminer S9s, our first entry on the list. DragonMint T1 has a tad higher efficiency compared to older Antminer S9s, but it didn’t even come close to the previously declared numbers. With that being said, it’s up to you to consider whether you want to pay $300 more for this miner.

One of the noticeable advantages of DragonMint T1 is its cooling solution which presented in the form of dual nine blade variable fans (they keep temperature just at 25 degrees).   

It is worth mentioning that this miner was developed with Samsung (the company confirmed the cooperation in April). After landing a deal with the South Korean tech giant, Halong Mining poses as a viable competitor to Bitmain.  

“We want to ‘make SHA256 great again,” – BtcDrak, Bitcoin core developer.

AvalonMiner 821– creating competition for Bitmain

AvalonMiner 821 was officially revealed by Canaan Creative last December to hold a candle to Bitmain’s dominance after the success of its previous-generation AvalonMiner 741. This miner has a hashrate of 11TH/s. Unlike DragonMint T1, AvalonMiner 821 only has one cooler, but it still provides the owner with a substantial level of cooling. Furthermore, the miner is resistant to different temperatures.

The miner is absolutely compatible with huge mining pools like,

AvalonMiner 821 trails Antminer S9s by 10 percent in terms of mining efficiency (this comes in addition to the lower hashrate). However, it is still a viable option for those who want to save some cash. It currently costs around $700. While you still have to buy a $200 PSU for this miner, a total of roughly $900 is still less than Antminer S9.

AvalonMiner 821
AvalonMiner 821

Whatsminer M10, Avalon A9 and more– new ASIC monsters are (almost) here

This flagship product of a Shenzhen-based company Shenzhen is also worthy of your attention. Pangolin only recently announced this miner on Twitter, and it is only available for pre-order for $1,888 (first buyers will already get this miner by Sept. 20). Whatsminer M10, while offering 33TH/s of hashrate, uses about 81W per 1 TH/s, which makes it more efficient than its closest competitor GMO B3. Some engineers behind Whatsminer M10 come from Bitmain, so it explains its high level of productivity. However, there is some criticism surrounding Whatsminer M10– from negative reviews about M3's slow preorders to speculations about whether the miner matches its description on paper in real-life conditions.

Whatsminer M10
Whatsminer M10

Back in August, Canaan Creative made an announcement about working on a new brand-new Avalon A9 that is 7nm chip technology that is able to reach 30 TH while it’s power consumption is only 1730W, thus ensuring a maximum level of efficiency. This technology definitely blows out of water even the newest Innosilicon Terminator 2. However, it is quite likely that every major ASIC manufacturer already has a new 7nm ASIC up its sleeve, so we have to wait and see whether Canaan will have a competitive advantage. Japanese tech giant GMO is also developing 7nm ASIC miners that are going to be launched as early as in 2018.   

Strictly numbers

ASIC Miner



Antminer S9 Hydro

18 TH/s


Antminer S9

14 TH/s


DragonMint T1



Antminer Z9

40.8k sol/s


Antminer Z9 Mini

10k sol/s


AvalonMiner 821



Pangolin Whatsminer M10



Are there miners we don’t know about?

It has already been confirmed that there was a secret best ASIC miner that was specifically designed to mine Monero (it has been responsible for almost 50 percent of its hashrate for over a year). On top of that, there have been plenty of rumors about other super-powerful ASIC miners. ASIC mining is a huge global industry, so large mining farms are willing to pay millions in order to have a sneak peek of exclusive miners.

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Up or Down: Main News that Affect Bitcoin’s Price in December

These are some of the latest news on Bitcoin, which can have an influence on its price
Up or Down: Main News that Affect Bitcoin’s Price in December

These are some of the latest news on Bitcoin, which can have an influence on its price. These are fundamental, not technical, news.

- Spanish Deputies to Debate Creating ‘National Crypto Council

- Bitcoin to Bottom Out in a Few Months, Research Claims

What are the implications of these news reports?

The proposal by Spain’s People’s Party (PP) about forming a ‘National Council of Cryptocurrencies’ with the strategic purpose of regulation of cryptocurrencies and blockchain technology while also providing independence to Spain — especially to policy issues — is important as it can provide an organized legal framework and network for crypto and blockchain-related businesses.

Two of the most crucial issues and concerns related to cryptocurrency are safety and the reliability of the market. Spain takes the cryptocurrency market very seriously as it will host one of Europe’s biggest blockchain events, Congreso Internacional Blockchain, on Dec. 12-14, 2018. Regulation is a topic that will be important during 2019 and beyond.

As the cryptocurrency market is decentralized, any first initiatives from countries to offer a tax-friendly and secure legal framework for blockchain business purposes will give an edge to these countries. In business, a competitive edge is very valuable if it lasts.

BTC/USD chart

A forecast that Bitcoin will bottom in 2019 and then move higher due to the Lightning Network’s success from Delphi Digital is focusing not on technical factors, but on business adoption and prospects about Bitcoin and its future.

“In order for Bitcoin to work as a medium of exchange, we believe it first needs to establish itself as a store of value to help reduce its volatility,” the paper stated.

Instant transactions and lower fees are positive factors for Bitcoin, which is trying to become a medium of exchange in daily financial transactions.

Important Bitcoin statistics for December

Bitcoin, with a price of $3,456 as of December 12, 2018, has lost almost 79.21% of its value in 2018 compared to the January price of about $18,000. Here are some interesting statistics for Bitcoin other than its performance.

·    Unrestricted in 110 of 251 countries/regions.

Bitcoin legality map

·    It is unrestricted for now in 43% of countries/regions. There are differences in classifications of Bitcoin as a currency, property or bartered goods among these countries.

·    The Bitcoin search volume on Google trends peaked in late 2017 and then declined in tandem with Bitcoin’s price.

·    The largest part of the Bitcoin community’s interests is related to financial services and investment services, while the smallest ones are related to business and productivity software.

·    Bitcoin community engagement by gender shows that the male gender dominates the market with a percentage of 91.22%.

·    Bitcoin community engagement by age shows the majority group is the age of 25-34 with a percentage of about 48%.

·    The major device used to access information about Bitcoin is a desktop device with a percentage of 76%. Only 3.12% of Bitcoin community engagement is made with a tablet.

·    The next Reward Halving date is May 10, 2020.

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BTC Shook Off Buy and Sell Orders & ETH is Between the Strong Areas: Crypto Price Analysis, Sept. 20, 2018

Bitcoin made a massive shake off and Ethereum has to fight with heavy intersection area
BTC Shook Off Buy and Sell Orders & ETH is Between the Strong Areas: Crypto Price Analysis, Sept. 20, 2018

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin possible confirmation areas

Last night Bitcoin made very strong and sick moves. The big guys shook off some buy and sell orders and hopefully, now they are satisfied. Like you see on the four-hour chart, one candle range is almost $500, recently this is the biggest shake off that we have seen but let's try to break down the price action and possible confirmations areas.


Currently, we trade on the triangle (black trendlines), the massive candle was below the triangle and it was above the triangle but the close was inside. Actually, this move was pretty good for the technical perspective that this could mean that probably we don't see those fake moves in the near future and technical analysis confirmation areas would be higher accuracy.

At the moment, on the four-hour chart, the price is 'sitting' on the Fibonacci retracement level at 62 percent and below the 50 EMA. Also, all our earlier mentioned level above the current price starts to work as a resistance:

  • April low at $6,425
  • Strong Resistance at $6,460
  • Round number $6,500
  • March low at $6,533

If we want to see another leg upwards then firstly, the biggest confirmation would be the upwards breakout from the triangle upper trendline. This is definitely hard to beat because this trendline makes a cross from those resistance levels and also, there is a 100 EMA which starts to work as a resistance but let's watch what we can get from the current levels and we have to take this step-by-step, confirmation after confirmation.

To confirm bearishness then a candle close below the $6,235 will confirm a movement downwards. If we get a candle close around $6,200 then we have a breakout from the triangle and break below the strong support levels.

To make the trades inside the triangle is very risky because we never know when they start to fool us.  Be cautious!

Ethereum between the strong areas & ready to make a breakout

Currently, Ethereum trades between the round number $200 and between the two trendlines:

  1. The longer & smoother since Jan. 4th and 2nd touch Aug. 14.
    Sept. 5th Ethereum breaks below this trendline, which had to work as a support, but now when we are below the mentioned trendline it works as a resistance. It has five to six attempts to break back above this trendline but those are failed and we can say that this trendline is pretty significant confirmation if we want to see bullish Ethereum.
  2. The trendline since July 29 which is pulled from bodies.

Lately, there has been just one attempt to break through but this attempt was exactly on the trendlines crossing area and those crossing areas are extremely strong.

Ethereum (ETH)

Let's count the resistances that we have to take down before we can say that ETH is on the bullish trend and those resistances are pretty heavy to beat:

  1. The mentioned longer and smoother trendline: as you know we have several failed attempts to break back above the current trendline.
  2. The trendline since July 29.
  3. The strong area (blue line) which has worked historically as a good support level and as a good resistance level. Several attempts to either direction and if it breaks or touched it Ethereum has bounced every time. So, we can assume, if ETH can take down this level at $225 we could see another leg upwards
  4. Different timeframes EMA's

The targets after the breakout:

  • Semi-round number $250- this area matching also with the August low point and also we can see that the perfect Fibonacci retracement level 62 percent is in this area.
  • Around $280- the second strong area on the chart which has historically worked very well!
  • Sept. high around $300

To give you a short-term bearish confirmation, there could be a four-hour candle close below the orange zone around the $190 (higher one). The close below the mentioned area confirms that we have a break below the round number ($200) and we have to make a short-term lower low. This will guide us to the 2018 low point at $167 which is made on the Sept. 12. It should start to work as a good support level but if it breaks then the next 'hope' comes from the blue trendline around $150 but let's see what the price action start to show us and especially what the market starts to show.

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A December To Remember: Bitcoin’s Winning Streak in Peril

Bitcoin is trading right on the $4,000 level, with a 2.44% loss over the last 24 hours and a 3.44% gain for the last 7 days
A December To Remember: Bitcoin’s Winning Streak in Peril

For the last 3 years, the month of December has been prolific for the world’s largest digital asset (BTC), which posted gains of 14%, 30%, and 40% in 2015, 2016 and 2017, respectively. That “winning streak” might snap this December, considering that Bitcoin and the crypto market, in general, have been tanking heavily during the last period.

Chart Analysis – BTC/USD


Currently, Bitcoin is trading right on the $4,000 level, with a 2.44% loss over the last 24 hours and a 3.44% gain for the last 7 days, but it must be noted that it failed twice to break resistance and the Bollinger Bands are curving downwards once again. The Relative Strength Index has started to move lower as well, and all this points to another possible drop that may have 3500 as a target.

The picture remains relatively blurry, and for the time being there is no clear indication whether the current price action is part of a simple correction in a downtrend or if we are dealing with a possible end to this bearish trend.

Support zone: 4000 area

Resistance zone: 4200 - 4400

Most likely scenario: downtrend resumption if price stays below 4200

Alternate scenario: bullish break of resistance zone and move into 4600

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Binance’s Exponential Rise Up the Ranks an Impressive Cryptocurrency Feat

Binance has set the precedent for success when it comes to running a cryptocurrency exchange, but how have they gotten so big, so fast?
Binance’s Exponential Rise Up the Ranks an Impressive Cryptocurrency Feat

Biance, arguably the world’s biggest cryptocurrency exchange, said back in July that it expects to make up to $1 bln in profit for 2018, a year which has been decidedly bearish. This cryptocurrency exchange is also not even two years old yet, but it has climbed the ranks to the top in quick time.

But what is it that has made this exchange such a success, especially in a bear market, and especially in a cryptocurrency space that has become so saturated and competitive in regards to exchanges?

The exchange started out on the right foot, with an innovative idea and a well-timed ICO for the Binance Coin (BNB) but from there, the growth of the company has been aided by its solid foundation. This in itself has allowed Biance to innovate and expand to new areas, including upcoming fiat-to-crypto exchanges.

It is a worthwhile exercise to look at Binance’s route to the top and discover if there is anything for other companies in the market to glean from their journey. In such a competitive market, there have to be competitors that are either looking to innovate, or potentially imitate.

Rocketing to the top

Binance was founded in early 2017 by Changpeng Zhao in China. They quickly moved to launch an ICO for a native utility token called the BNB. This was a timeous decision as July 2017 was when the ICO craze was really starting to take off and it ended up netting Binance $15 mln.

The intention with the BNB was to give its holders 50% off fees on the trading platform, which was an attractive proposition and surely one of the reasons why Binance accumulated so many users so quickly, but also why it’s token became important and embedded down the line.

It took Binance just 143 days from its launch to reach the top three cryptocurrency exchanges globally, and its growth did not slow down. At the beginning of 2018, the exchange boasted about 2 million users, but six months into this year that number swelled to 10 million.

It is for all of these reasons and this astronomical growth, that Binance is predicting its profits to top $1 bln this year.

The BNB’s role

Binance’s own token has surely been key to its growth as a company, but at the same time, the companies growth has also helped establish and expand the use of the utility token. Because it started out simply as a way in which users could lessen their fees, it was well received and attractive to new users.

The BNB thus was heavily traded, very liquid, and well distributed, all aspects that aid and help grow an exchange. Thus, as more people flocked to Binance because of the lessened fees through its token, the company grew, and the BNB expanded its reach and value.

BNB is now more than just a coupon for 50 percent, it has multiple roles on Binance, including being a voting token for Community Coin of The Month which is a way new coins can be chosen and listed on Binance, and it is being used for Binance’s LaunchPad, which aims to help raise funds for worthwhile start-ups.

A model for the future?

Binance is of course not without its faults, and it has been criticised for onboarding a number of cryptocurrencies, and also accused of charging exorbitant rates for doing so as a money making scheme to the determined of the ecosystem.

However, their story of growth — even in a quickly expanding space like Blockchain — is still impressive, and may well be setting a precedent for future exchanges to become established. Binance will face struggles down the line, especially with regards to regulation, and this is why it has already moved operations to Malta, but its foundation is already laid.

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Ripple Price Prediction For November: Quietly In Reversal

Ripple XRP is moving higher and two Ripple price predictions tell the same tale. Read on to find out what you need to know about Ripple XRP future value 2018!
Ripple Price Prediction For November: Quietly In Reversal

While major cryptocurrencies like Bitcoin, Litecoin, and Ethereum wallow at their long-term lows XRP is quietly moving higher. The native token of the Ripple blockchain network advanced 30% in the first week of November and has XRP predictions in readjustment. At last look, the XRP/USD was affecting what could become a major reversal and the beginning of a long and drawn-out rally.

Ripple Predictions Turn Bullish

The XRP/USD made an inconspicuous double bottom over the last summer with lows in August and September resulting in a push higher over October. Now, the double bottom is confirming support at the crucial baseline that has Ripple price forecasts on the rise. The November rally is confirming support at the short-term moving 30-day exponential moving average and the indications are strong the move will continue higher.


Both stochastic and MACD are showing strong bullish crossovers that support the Ripple forecast. The first target for resistance is at the 0.5720 level and already tested once. A move up to and above that level would be very bullish for this token and pave the way for a move up to the $1.00 level and eventually a retest of the all-time high.  

Ripple forecast 2018: Adoption is going to drive this token higher

Most Ripple prediction did not come true in 2018, largely because of the overhanging shadow of bearishness within the cryptocurrency market, this is a Ripple forecast you can bank on: adoption of the Ripple network by global financial leaders is going to drive this token higher in the near, short, and long-term.

Most recently, Ripple Labs, the development team for the Ripple network, announced the integration of Ripple Net into OnePay FX. OnePay FX is a cross-border payments mobile application designed by Banco Santander. Banco Santander is one of the EU’s leading banks, valued at over $80 billion, and a sign of Ripple’s value to mainstream financial institutions.

Bank Santander’s reason for choosing Ripple is simple. The bank says that after experimenting with Ripple Net and a few other blockchain based products it saw new levels of transparency, certainty, and speed that is unparalleled in the traditional banking sector. Santander’s Head of Innovation, Ed Metzger, said the bank plans on using the blockchain to improve the lives of its customers.

“We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”

The primary purpose of RippleNet within the OnePay FX ecosystem is to ensure cross-border transactions. The bank wants its international customers to be able to seamlessly send and receive money, a benefit more than necessary for the bank's future growth in today’s global world. As an example, customers will be able to send instant payments directly to merchants and other payment processors with only a few clicks on their mobile devices and without the need for bank cards.

OnePay FX is currently available to Banco Santander clients in the United Kingdom, Spain, Poland, and Brazil but there are plans for rapid expansion. The system is expected to cover the European Union, South American, and Asia in the not-too-distant future.

Ripple Price Prediction 2018: The flippening

A flippening has been in the Ripple XRP price prediction 2018 since before the end of the year and it is on the verge of happening. The flippening, when XRP’s #3 ranked total market cap exceeds that of #2 Ethereum, will be an important catalyst for new investment in XRP as it will indicate a shift of dominance between the two tokens.

  • Bitcoin is the #1 cryptocurrency by market cap at $112 billion and commands 52% of the market.

  • Ethereum is the long-standing #2 cryptocurrency by market cap at just over $22 billion. It commands about 10% of the total market.

  • Ripple is the number #3 cryptocurrency by market cap and may surpass Ethereum at any time. It is currently valued at just under $22 billion and commands about 9.5% of the total market.

Ripple is currently valued around $21 billion, about $1 billion less than Ethereum, and would not need a very big boost in token prices to take over the #2 spot. With more than 42 billion XRP’s in circulation, it would take less than a nickel rise in prices for the flippening to happening, assuming, of course, Ethereum prices remain stable (and there is little reason to expect ETH to make a significant move higher until it overcomes scalability and security issues).

The bottom line is simple; Ethereum suffers from peanut butter syndrome and that will drive the flippening, if not this year then next. The world’s “most advanced” cryptocurrency (ETH) is spread very thin trying to be everything to everyone while Ripple is focused on solving the singular and age-old problem of speeding up and securing financial transactions.

Ripple Prediction 2018: Regulation is the real catalyst

Like most cryptocurrency forecasts, the Ripple Price Predictions, in almost all cases, fail to account for regulation as a catalyst for price movement. RippleNet has gotten a vote of confidence from Banco Santander but the question of regulation still overshadows the entire cryptocurrency market and will likely do so until regulators in the EU and US make their final decisions.


In the US, the SEC and CFTC have allowed for only limited access to the multi-billion dollar cryptocurrency market and are under increasing pressure to formalize their stance. While the implementation of a BTC ETF is forefront on the minds of traders, regulation, retail access to trading products, and mass adoption of cryptocurrency will be a boost to all digital tokens including XRP.

The Bakkt platform, a joint venture between the Intercontinental Exchange and its partners, is building up the infrastructure many in the industry say is needed for the SEC to approve retail trading of cryptocurrencies and cryptocurrency-based trading products. Bakkt is expected to go live with its first product in early December, a BTC future, with more slated for launch over the next few months (as they get regulatory approval).

The risk to Ripple predictions 2018

One of the biggest risks to Ripple 2018 is in how the US regulators classify the token. Unlike Bitcoin and Ethereum, which are clearly commodities, Ripple may qualify as a security. This conundrum has been at the heart of the US regulatory saga as no two regulators can agree on how to classify digital currencies. If Ripple is left out of the US regulatory scheme because it too closely resembles a security such as stock or bonds it could see its price plummet.

The good news is that US regulation will likely be two-pronged. On the one side, the CFTC will oversee tokens like BTC, ETH, and LTC as well as products like futures and futures options based on Ripple XRP future value 2018. On the other hand, the SEC will oversee those tokens that more closely resemble securities of publicly traded companies. Regardless, regulation will be a driving factor for this and all digital tokens in 2018.


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